Facts: Jian Mao, a minority shareholder of Ecounion International Ltd., sought to enjoin the sale of the company’s property and for the appointment of a receiver, citing mismanagement and oppression by the majority shareholders, Zhenqiang and Junliang Liu.
Issues: The motion focused on restraining mortgage enforcement and appointing a receiver due to alleged financial mismanagement and oppression.
Ruling: The court dismissed Mao’s motion, finding no merit in the requests for injunction or receivership. The court ruled in favor of the Liu's, allowing the mortgage enforcement and sale of property to proceed.
Amount Awarded: Dismissal with full indemnity costs to Zhen Liu, based on the standard terms of his mortgage.
